Technavio has published a new report on the digital camera market in Japan, which is expected to decline at a CAGR of -13% from 2015-2019.
About the Report
The industry analysis report pinpoints a rise in consumer awareness, increase in disposable income, and increased interest in high-quality cameras that are leading to more demand for high-end digital cameras. With the sharp decline in demand for built-in lens cameras, high-quality digital cameras are expected to account for a higher percent of revenue in the digital camera market.
“Vendors are introducing personalized digital cameras to meet end-user requirements such as waterproof and durable digital cameras in different colors,” says Faisal Ghaus, Vice President of Technavio.
High number of options truncating market growth
The digital camera market in Japan is overloaded, with more than 200 types of cameras. This creates a dilemma for consumers on what to choose, and is a major reason for the expected decline in market value.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the digital camera market in Japan from 2015-2019. To calculate the market size, the report considers unit shipments and revenue generated through the production of built-in lens cameras and interchangeable lens cameras.
Key Information Covered in the Report:
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Key Vendors:
- Canon Inc.
- Nikon Corp.
- Panasonic Corp.
- Sony Corp.
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Market Growth Drivers:
- Rise in demand for high-quality digital cameras
- For a full detailed list, view our report.
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Market Challenges:
- Need for continuous support and maintenance
- For a full detailed list, view our report.
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Market Trends:
- Increase in demand for personalized digital cameras
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the digital camera market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150527005477/en/
Contacts:
Jes Ellacott
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UK:
+44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com
